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Aussie surges as growth tops forecasts AUD/USD climbed to the highest in almost two months after the Chinese economy grew more than expected in the first quarter. The economy expended 6.4% from a year earlier, beating economists’ forecasts of a 6.3% increase and equaling the growth seen in Q4 2018. On a quarterly basis, growth
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Daily Markets Broadcast 2019-04-17 Wall Street rebounds on earnings US indices rallied yesterday with some better-than-expected earnings driving the move. The US30 index hit six-month highs while the NAS100 index came within a whisker of its record high. China’s Q1 GDP growth data are due today which will determine near-term direction. US30USD Daily Chart Source:
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US Trade Representative Lighthizer: Says US, Japanese top trade officials discussed goods, including agriculture, and digital trade in Washington talks Says US side raised concerns about “very large” trade deficit with Japan, agreed to meet in the near future Bolding mine. Expect some fireworks out of this upcoming summit. Perhaps some yen tweets from you
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An Early Look at Q1 Earnings Photo Credit: Shutterstock Earnings season for Q1 is upon us. Will the real data on how companies are doing this year ease the worry we have seen surrounding earnings? So far, the news seems positive. Earnings beating expectations As of the end of last week, with 6 percent of
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British workers’ pay grew at its joint fastest pace in over a decade, fuelled by further job creation, adding to suggestions that Brexit uncertainty is prompting firms to hire workers rather than make longer-term investment in equipment. Total earnings, including bonuses, rose by an annual 3.5 percent in the three months to February, the Office
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There’s a three-word phrase that’s terrifying just about everyone these days. If you take it at face value, it could trick you into making a dangerous mistake with your retirement. It springs from the following chart: The Yield-Curve Panic This chart tracks the spread between yields on the 10-year Treasury and the 2-year Treasury. In
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Mild positive tones observed in early trades German DAX futures +0.2% French CAC 40 futures +0.2% UK FTSE futures +0.2% ForexLive This mainly mirrors the sentiment seen in US equity futures, which are also holding around 0.2% higher on the day so far. But with key earnings releases still to come and bonds looking less
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